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Finance personal statement example

Student-written example
  • Reading time: 2 minutes
  • Price: Free download
  • Published: 28th June 2019
  • Word count: 483 words
  • File format: Text

My interest in this area started during high school when I took business law and accounting. My enthusiasm to learn how businesses operate grown because I kept learning how to manage businesses and their finance. What was fascinating then is that I always tried to find out how the oil and gas business manage its economy, and the operation of the financial market. Though I chose to major in Petroleum Engineering, it interests me how finance professionals have the responsibility of managing assets and analyzing risks for a company or organizations future success. I have decided to pursue my graduate studies in finance base on my knowledge of the importance of finance and my interest of the subject.

A master’s degree in finance would complement my undergraduate degree in Petroleum Engineer. My background in petroleum engineering provides me with knowledge over topics like differential and integral calculus, probability theory, random distributions, correlation, regression, numerical techniques as well as familiarity with statistics and data analysis. I learned the basic principle of finance in Accounting. I have read a number of books on the subject from “The Intelligent Investor” to “Rich Dad Poor Dad” in order to expand my knowledge of the different areas in finance. I believe that books and magazines has given me revelation about topics not covered at school, for example There was unrest among the workforce in Chinese factories due to Chinese workers’ dislikes towards Japanese management. This has affected the share price of companies such as Toyota. Reading about them made me realize the importance of Finance and the economy and how it influences everybody\’s lives, which peaked my interest to further study the field.

While in College, I worked part-time to gain experience and financially support my education. I worked as a cashier in HEB, responsible for taking cash, credit cards, or checks from customers in exchange for goods and service. I learned to effectively communicate with customers while providing the necessary service in order to give customers a positive experience. I also community service chair for the National Society for Black Engineer. I planned, scheduled and executed community service events, and collaborated with public relations chairperson and members about community service endeavours. I also held fundraising events which gave me the opportunity to work with finance chair and learn how the organization is operating. My experience with the organizations reinforced my decision to devote my future career in finance.

After earning my master’s degree, I hope to work for an oil and gas company such as Schlumberger or ExxonMobil as a financial professional. The technical expertise and professional skills the university provide will prepare me for the trials that I will encounter. In my career, I hope to help institutions use their resources to the greatest advantage. I am confident that I can handle the programs demands, and I greatly appreciate your consideration.

7th February 2017

Why this example works — strengths and ways to improve

This postgraduate finance statement has a credible core: a petroleum engineering graduate seeking finance roles in the oil and gas sector. The quantitative grounding and the career goal fit together well. However, the motivation stays general, the reading is listed rather than analysed, and frequent grammatical errors undermine the precision a finance programme expects.

Subject motivation

I always tried to find out how the oil and gas business manage its economy

This is your most distinctive motive because it connects your engineering field to finance. It is not developed, though. You never name a specific question about oil and gas finance, such as commodity price risk or project valuation, that you want answered. The opening instead relies on broad statements about interest and enthusiasm.

Academic preparation

differential and integral calculus, probability theory, random distributions, correlation, regression

This list is relevant, because quantitative finance draws heavily on these methods. It reads as a syllabus, however. Showing one place where you applied regression or probability to a real engineering problem, and noting how that skill transfers to risk analysis, would turn the list into convincing preparation.

Evidence and reflection

There was unrest among the workforce in Chinese factories

Using a news example is a good instinct. The reflection stops at saying it showed you the importance of finance. Explaining how labour unrest might reach a share price, through production, earnings expectations or investor sentiment, would show analytical thinking. The book titles are named but never discussed.

Relevant experience

work with finance chair and learn how the organization is operating

Working as a cashier and organising events for the National Society of Black Engineers are legitimate evidence. The fundraising detail is the most relevant, but you never say what you learned about budgeting, cash flow or decisions. The cashier paragraph describes duties rather than any insight about how a business operates.

Credibility and voice

I am confident that I can handle the programs demands

Your voice is sincere, but the confidence lacks support, and repeated errors weaken it. Examples include grown, base on, peaked my interest, the missing verb in the line about the community service chair, and Petroleum Engineer used in place of Petroleum Engineering. For a precision-focused discipline, careful proofreading matters.

Structure and format

I hope to work for an oil and gas company such as Schlumberger

The order works logically: motivation, preparation, experience, then goals. The conclusion is concrete in naming target employers. It refers generically to the university and never states why this programme suits you. Some paragraphs end with near-identical sentences about reinforcing your interest, which adds little.

What you’ve done well

  • Your career aim of finance roles in the oil and gas sector gives the whole statement a coherent rationale that builds on your engineering degree.
  • You correctly identify your quantitative training as transferable preparation for postgraduate finance.

How this draft could improve

  • Choose one example, either the Toyota case or an engineering project, and analyse the financial mechanism in two or three sentences instead of asserting its importance.
  • Proofread thoroughly for grammar and agreement errors. Fix wrong word choices, such as peaked for piqued, and the dropped verb in the line about the community service chair.
  • Add specific reasons this programme fits your goals, such as relevant modules or strengths in energy finance, in place of the generic reference to the university.

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